Ultra Clean Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ultra Clean in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Ultra Clean stock.
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Wall Street analysts have given Ultra Clean a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Ultra Clean wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Ultra Clean saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 984,000 shares, a decline of 21.3% from the August 15th total of 1,250,000 shares. Based on an average daily trading volume, of 481,900 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.3% of the company's shares are short sold.
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Ultra Clean is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Ultra Clean.

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) announced its earnings results on Sunday, August, 1st. The semiconductor company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. The semiconductor company had revenue of $515.20 million for the quarter, compared to analysts' expectations of $505.44 million. Ultra Clean had a net margin of 5.34% and a trailing twelve-month return on equity of 21.88%. The business's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share.
View Ultra Clean's earnings history.

Ultra Clean's stock was trading at $16.91 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, UCTT shares have increased by 182.6% and is now trading at $47.79.
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Ultra Clean issued an update on its third quarter 2021 earnings guidance on Monday, August, 9th. The company provided earnings per share guidance of $0.940-$1.100 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.990. The company issued revenue guidance of $520 million-$560 million, compared to the consensus revenue estimate of $516.60 million.

6 brokerages have issued 12-month price objectives for Ultra Clean's stock. Their forecasts range from $59.00 to $71.00. On average, they anticipate Ultra Clean's stock price to reach $67.00 in the next twelve months. This suggests a possible upside of 40.2% from the stock's current price.
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35 employees have rated Ultra Clean CEO Jim Scholhamer on Glassdoor.com. Jim Scholhamer has an approval rating of 56% among Ultra Clean's employees. This puts Jim Scholhamer in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Ultra Clean include Applied Materials (AMAT), Lam Research (LRCX), KLA (KLAC), Entegris (ENTG), MKS Instruments (MKSI), Brooks Automation (BRKS), Amkor Technology (AMKR), Onto Innovation (ONTO), CMC Materials (CCMP), Advanced Energy Industries (AEIS), FormFactor (FORM), Xperi (XPER), Axcelis Technologies (ACLS), Cohu (COHU) and Veeco Instruments (VECO).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ultra Clean investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Intelsat (I), Bank of America (BAC), Square (SQ), AMC Entertainment (AMC), Momo (MOMO), Cypress Semiconductor (CY) and Fossil Group (FOSL).

Ultra Clean trades on the NASDAQ under the ticker symbol "UCTT."

Ultra Clean's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.72%), Vanguard Group Inc. (8.81%), Dimensional Fund Advisors LP (4.31%), State Street Corp (3.09%), Boston Partners (1.86%) and Geode Capital Management LLC (1.66%). Company insiders that own Ultra Clean stock include Chris Siu, Clarence L Granger, David T Ibnale, Jacqueline A Seto, Joan Sterling, Leonid Mezhvinsky, Sheri Savage, Thomas T Edman, Vijayan S Chinnasami and William Joe Williams.
View institutional ownership trends for Ultra Clean.

UCTT stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., JPMorgan Chase & Co., EAM Global Investors LLC, Bank of America Corp DE, EAM Investors LLC, PEAK6 Investments LLC, Globeflex Capital L P, and Dimensional Fund Advisors LP. Company insiders that have sold Ultra Clean company stock in the last year include Clarence L Granger, David T Ibnale, Jacqueline A Seto, Sheri Savage, and William Joe Williams.
View insider buying and selling activity for Ultra Clean or view top insider-selling stocks.

UCTT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Hood River Capital Management LLC, Deutsche Bank AG, Divisar Capital Management LLC, Pinnacle Associates Ltd., Bank of Montreal Can, and Putnam Investments LLC.
View insider buying and selling activity for Ultra Clean or or view top insider-buying stocks.

Shares of UCTT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UCTT stock can currently be purchased for approximately $47.79.

Ultra Clean has a market capitalization of $2.14 billion and generates $1.40 billion in revenue each year. The semiconductor company earns $77.60 million in net income (profit) each year or $2.54 on an earnings per share basis.

Ultra Clean employs 4,355 workers across the globe.

Ultra Clean was founded in 1991.

The official website for Ultra Clean is www.uct.com.

Ultra Clean is headquartered at 26462 CORPORATE AVENUE, HAYWARD CA, 94545.

Ultra Clean's mailing address is 26462 CORPORATE AVENUE, HAYWARD CA, 94545. The semiconductor company can be reached via phone at (510) 576-4400 or via email at [email protected].